Close the Loop Ltd. ( (AU:CLG) ) has provided an announcement.
Close the Loop Ltd. has received approval from the IMMEX program to commence operations at its Mexicali Plant near the US-Mexico border. This development marks a significant step in the company’s expansion within the IT asset disposition (ITAD) sector, enabling it to support OEM partners with certified refurbished products and services. The plant is expected to begin processing inventory in April 2025, with production volumes increasing in the fourth quarter of FY25, potentially leading to a substantial impact on revenue for FY26.
More about Close the Loop Ltd.
Close the Loop Ltd. is a leader in the circular economy industry, operating across the United States, Australia, South Africa, and Europe. The company specializes in collecting and refurbishing electronic products such as laptops, printers, teleconferencing equipment, and gaming devices, as well as providing sustainable packaging solutions. Their mission is to achieve ‘Zero Waste to Landfill’ by recovering a wide range of products and reusing materials for sustainable purposes.
YTD Price Performance: -62.55%
Average Trading Volume: 1,010,152
Technical Sentiment Signal: Buy
Current Market Cap: A$46.8M
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